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Tax Credit For Replacing Old Heat Equipment Due To Expire

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Homeowners who’ve considered replacing that old furnace might want to get moving on that.

CHICAGO (AP) - Chicago-area home owners are reminded a federal tax credit worth up to $1,500 to replace older natural gas heating equipment with more energy efficient models and to pay for attic insulation expires at the end of the year.

The Chicagoland Natural Gas Savings Program said Wednesday that it wants home owners to receive the program’s benefits if they need to replace their heating equipment or want to install attic insulation. The tax credits expire Dec. 31.

Officials with the program say so far 2,300 Chicago residents have received payments for installing the high-efficiency equipment. Replacing or installing attic insulation is important because it stops heat loss and ca lower gas bills.

The Chicago-area program has its own rebates ranging between $50 and $850.

More information at www.chicagolandrebates.com

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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